Category Archives: Financial Services Litigation

Subscribe to Financial Services Litigation RSS Feed

Lex Machina’s Securities Litigation Report 2017 Names Greenberg Traurig a Top Federal Securities Defense Firm

According to the report issued last week, Greenberg Traurig is among the top 15 firms in the United States, defending national and global financial institutions against bet-the-company securities litigation cases. The report found that securities case filings rose 23 percent from 2015 to 2016, to 1,144 cases. According to Lex Machina, securities litigation is relatively steady … Continue Reading

Michele Stocker Quoted by the Florida Record Regarding the case of Bartram v. U.S. Bank

Michele Stocker, Greenberg Traurig co-chair of the Consumer Financial Services Litigation Practice, was recently quoted by the Florida Record regarding  the ruling made in the case of Bartram v. U.S. Bank. She stated that “the Florida Supreme Court’s decision finally brings some clarity to the issue and will allow judges who have been reluctant to … Continue Reading

Greenberg Traurig Hosts the Program ‘Emerging Issues in Banking, Consumer Finance, and FinTech Litigation’

On Oct. 25, please join Greenberg Traurig’s Class Action Litigation and Consumer Financial Services Litigation Practice Groups in the presentation titled “Emerging Issues in Banking, Consumer Finance, and FinTech Litigation” in our Silicon Valley Office or via Webinar. While the finance capitals of the world have traditionally been in places like New York, London, and … Continue Reading

FinTech Companies Should Be Wary of Potential Sales Tax

As shown in a recent Texas case involving a financial technology (FinTech) business, the rapid advance of online professional services is colliding with states that impose sales tax on cloud computing or data processing. With limited exceptions, states generally do not impose sales tax on most professional services; however, some states are casting their nets … Continue Reading

FDCPA – 11TH Circuit: Kinlock v. Wells Fargo Bank – Post-Foreclosure Offers of Financial Assistance to Defaulted Borrower Not Violative of FDCPA/Florida Consumer Collection Protection Act

A mortgage servicer’s offer of financial assistance to a defaulted borrower in order to induce him to vacate his property following foreclosure does not present a plausible claim under the FDCPA or its Florida equivalent. In Kinlock v. Wells Fargo Bank, N.A., No. 15-12867 (11th Cir. Feb. 26, 2016), a defaulted borrower sued his mortgage … Continue Reading

New Fee Disclosure Model Proposed for Broker-Dealers

A securities industry working group has proposed a new fee disclosure model for broker-dealers.  The working group – which was convened by the North American Securities Administrators Association (NASAA) and included FINRA, SIFMA, the Financial Services Institute, and several broker-dealers – was created in the summer of 2014 with the goal of promoting accessibility, standardization, … Continue Reading

Pete Michaels Presents on United States Regulatory Traps for the Unwary Financial Services Firm

On Thursday, August 27, Greenberg Traurig’s Pete Michaels, shareholder in the Greenberg Traurig’s Financial Regulatory and Compliance and Securities Litigation Groups, presented “Legal Quick Hit: But I Thought it was No Big Deal: United States Regulatory Traps for the Unwary Financial Services Firm” to the Association of Corporate Counsel (ACC) Financial Services Committee. The webinar … Continue Reading

Financial Services Compliance Obligations Under the Cloud

The migration of personal and financial data to the cloud has highlighted, for both financial institutions and their regulators, risks associated with data breaches.  This migration has involved third-party cloud services vendors storing and processing such personal and financial data on behalf of their financial services customers. Cloud service offerings for financial services customers are … Continue Reading

Nevada Supreme Court Clarifies That ‘Consideration Paid’ by Successor Note-Holders Can Limit Recovery in Deficiency Actions

After the Nevada Supreme Court issued a 5-2 decision in Sandpointe Apartments v. Eighth Judicial Dist. Ct., which found that 2011 amendments modifying Nevada’s anti-deficiency protections created limitations on the amount a note-purchaser could recover as part of a deficiency judgment, several constitutional issues remained undetermined regarding loans acquired from the FDIC-as-receiver for failed banks. … Continue Reading
LexBlog